Ferroglobe Plc (NASDAQ: GSM) is -29.34% lower on its value in year-to-date trading and has touched a low of $4.07 and a high of $6.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GSM stock was last observed hovering at around $4.96 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $4.60, the stock is 6.84% and 0.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing -7.26% at the moment leaves the stock -11.94% off its SMA200. GSM registered -8.00% loss for a year compared to 6-month loss of -9.80%. The firm has a 50-day simple moving average (SMA 50) of $4.5528 and a 200-day simple moving average (SMA200) of $5.21365.
The stock witnessed a 7.48% gain in the last 1 month and extending the period to 3 months gives it a -18.44%, and is 6.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.53% over the week and 3.93% over the month.
Ferroglobe Plc (GSM) has around 3403 employees, a market worth around $864.25M and $1.64B in sales. Current P/E ratio is 13.07 and Fwd P/E is 9.39. Profit margin for the company is 4.11%. Distance from 52-week low is 13.16% and -32.15% from its 52-week high. The company has generated returns on investments over the last 12 months (7.12%).
Ferroglobe Plc quarterly earnings per share for the current quarter are estimated at 0.16 with sales reaching $443.4M over the same period.The EPS is expected to shrink by -49.30% this year, but quarterly earnings will post 1.90% year-over-year. Quarterly sales are estimated to grow 6.40% in year-over-year returns.
The shares outstanding are 188.88M, and float is at 111.51M with Short Float at 2.22%.
The top institutional shareholder in the company is COOPER CREEK PARTNERS MANAGEMENT LLC with over 14.06 million shares valued at $75.38 million. The investor’s holdings represent 7.4837 of the GSM Shares outstanding. As of 2024-06-30, the second largest holder is HOSKING PARTNERS LLP with 9.11 million shares valued at $48.82 million to account for 4.8471 of the shares outstanding. The other top investors are BARROW HANLEY MEWHINNEY & STRAUSS LLC which holds 7.62 million shares representing 4.0554 and valued at over $40.85 million, while MORGAN STANLEY holds 3.5567 of the shares totaling 6.68 million with a market value of $35.83 million.
